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Re: It's just business...  

By: oldCADuser in FFFT | Recommend this post (2)
Thu, 07 Jun 12 9:13 PM | 92 view(s)
Boardmark this board | Food For Further Thought
Msg. 43231 of 65535
(This msg. is a reply to 43220 by weco)

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The above is a reply to the following message:
It's just business...
By: weco
in FFFT
Thu, 07 Jun 12 8:05 PM
Msg. 43220 of 65535

It's so obvious to anyone who takes a spare minute to ponder what drives business --- DEMAND

Those who've started businesses understand only too well, it's all about --- CUSTOMERS (with money to spend)

We've been force fed "Supply-Side" malarkey for so many decades that we've lost sight of simple Truths:

A general populace with money to spend provides opportunities for entrepreneurs.

First come customers, then come jobs.

Societies with skewed wealth distributions (i.e., wealth highly concentrated among a few) are rarely prosperous nations (e.g., think "Banana Republics", "Medieval Monarchies", "Colonialist States").

We got "Supply" up the wazoo after decades of financial engineering that leveraged money again and again and again...into fewer and fewer hands. In so doing, by redistributing wealth into the hands of the top 1% (more accurately, the top .1%), we ensured an ample SUPPLY of dollars at the top.

And killed DEMAND at ground level...on Main Street.

No demand ---> no business

No customers ---> no jobs

R's are a DEAD END!


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